EUR/USD Forecast March 4, 2015, Technical Analysis
The EUR/USD pair initially fell on Tuesday, but as you can see turned back around to form a hammer. That hammer of course suggests that we are going to continue to go back and forth, as there...
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AUD/USD Forecast March 4, 2015, Technical Analysis
The AUD/USD pair went back and forth on Tuesday, essentially establishing nothing. The market right now looks a lot like “dead money”, and as a result we are more than willing to step aside. We believe that...
AUDCAD Symmetrical Triangle (Mar 4, 2015)
AUDCAD could be in for a breakout soon, as price is approaching the peak of its symmetrical triangle pattern on the 4-hour time frame. Stochastic is pointing down, indicating that a downside break is likely, although price...
USDCAD Daily Analysis – March 4, 2015
USDCAD stayed in the trading range between 1.2352 and 1.2797. Key resistance is now at 1.2663, a break of this level will signal resumption of the long term uptrend from 1.1191 (Nov 21, 2014 low), then the...
USDJPY Daily Analysis – March 4, 2015
USDJPY failed to break above 120.47 resistance, indicating that the pair remains in downtrend from 120.47, and the rise from 118.23 could be treated as correction of the downtrend. Another fall to 116.50 area to complete the...
AUDUSD Daily Analysis – March 4, 2015
AUDUSD is now in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed. Then the following downward...
GBPUSD Daily Analysis – March 4, 2015
GBPUSD is now in downtrend from 1.5551. Further decline could be expected after a minor consolidation, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and 1.5551, only break above these levels could...
EURUSD Daily Analysis – March 4, 2015
EURUSD’s downward movement from 1.1450 extended to as low as 1.1154. Further decline to test 1.1097 support is possible, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed,...
EURCAD Retracement Setup (Mar 3, 2015)
EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level. This lines up with the 38.2% Fibonacci retracement level on...
USD/JPY Forecast March 3, 2015, Technical Analysis
The USD/JPY pair initially fell during the session on Monday, but found enough support to bounce and break above the 120 level. That being the case, the market looks as if it is ready to continue going...